The Circular Flow Model

question 136

Multiple Choice

The circular flow model

• A)measures identical flows through the different markets
• B)shows how firms maximize profits and minimize costs
• C)shows how competitive markets interact with noncompetitive markets
• D)measures the value of income earned by the public sector
• E)measures the value added by the business sector as it uses funds

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Definitions:

Civilian Populations

Pertains to non-military members of a country or community.

Yalta Conference

A meeting in February 1945 between the leaders of the Allied powers (the United States, the United Kingdom, and the Soviet Union) during World War II to plan the final defeat and occupation of Nazi Germany.

Japanese Propaganda

Media materials produced by Japan during wartime, particularly World War II, aimed at influencing public opinion or morale, both domestically and abroad.

Racial Diversity

The inclusion and representation of individuals from a variety of racial and ethnic backgrounds within a community or organization.